Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

Post-pandemic recovery in corporate profits, thanks to lower raw material and operating expenses, means that shareholders can expect higher dividends in FY21. The combined dividend payout by early-bird companies -- those that have declared their results for FY21 -- is up 8.9 per cent, lower than the 21.9 per cent rise in in FY20 but ahead of the underlying growth in India Inc business last year. Combined net sales of these early birds were down 1.8 per cent last financial year while net profit was up 27.3 per cent in FY21. Some top companies that have stepped up dividend payo.....

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